ENDW vs WBIG

ENDWACambria Endowment Style ETF

WBIGCWBI BullBear Yield 3000 ETF

In short

ENDW The endowment playbook in one ticker: global stocks, bonds and real assets, actively steered by Cambria, with built-in leverage, for 0.22% a year. Endowment ambition without the endowment fee schedule.

WBIG A dividend-tilted stock picker with a sell button. WBI pairs multifactor screens with a dynamic trailing stop process that shifts the portfolio toward cash when prices roll over, aiming to cushion drawdowns rather than hug a benchmark.

Stated mandate

ENDW ENDW seeks income and capital appreciation. It is actively managed to provide exposure to multiple major asset classes through underlying ETFs or individual equities.

WBIG The Fund seeks long-term capital appreciation and potential current income while also seeking to protect principal during unfavorable market conditions.

Why people hold it

• ENDW 0.22% a year against a roughly 0.95% median for tactical allocation funds, and cheaper than the other standouts in the group such as ONOF (0.39%) and GMOD (0.50%).
• One ticker spans US, developed and emerging markets across equities, bonds and real assets, roughly 70 positions, with value and momentum screens applied on top.cambriafunds.com
• Capital efficient by design: the manager expects notional exposure of 100% to 150% of assets, using Treasury futures alongside the underlying ETF sleeves.usnews.combusinesswire.com
• Pays income quarterly, and on our review it sits among the strongest implementations in the tactical allocation group.

• WBIG The exit is the product: multifactor stock selection paired with a dynamic trailing stop-loss process, so losing positions can be sold into cash equivalents instead of ridden down.sec.gov
• Downside is written into the mandate: long-term capital appreciation and potential income while also seeking to protect principal in unfavorable markets.
• Unapologetically active. It does not try to replicate an index, so the portfolio can look nothing like the market it is measured against.sec.gov
• Trading live since 2014, so the discipline has been tested through real market cycles, not a backtest.

Worth knowing

• ENDW It owns other ETFs, which charge their own fees on top of the 0.22% management fee, so the all-in cost of ownership runs higher than the headline.cambriafunds.com
• Leverage works both ways. Notional exposure above 100% of assets magnifies moves in either direction, and Cambria itself calls the risk profile aggressive.businesswire.com
• Launched in 2025 and still modest in size, so the record is short and shares change hands less often than mainstream index funds.

• WBIG Costs 1.49% a year, well above the typical tactical multi-asset fund. That is the price tag on active selection and the stop-loss overlay.
• Cash cuts both ways: the allocation that can help when benchmarks fall also tends to hold the fund back when they rise.sec.gov
• Small and thinly traded, so spreads can be wide. Distributions arrive irregularly rather than on a set monthly or quarterly schedule.

Full ENDW profile⁠

Full WBIG profile⁠